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10 May 2021

Ransomware task force calls for aggressive Bitcoin transaction tracing measures

Ransomware task force calls for aggressive Bitcoin transaction tracing measures


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Government and industry have teamed up to fight a major increase in ransomware, with a newly formed ransomware task force calling for new measures to more aggressively trace Bitcoin and crypto capital flows.

The proposed rules seek to respond to a record year for ransomware attacks, with the task force estimating ransomware syndicates collected close to $350 million during 2020 — up 200% from the previous year.

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cointelegraph.com
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